MARKET PULSE-JC Penney, BlackBerry, Oramed, Hhgregg, Textura
U.S. stocks rose on Thursday, putting the Dow on track for a sixth straight day of gains, although trading was light following the Christmas holiday. The Dow Jones industrial average was up 0.53 percent at 16,444.82, the S&P 500 was up 0.34 percent at 1,839.57 and the Nasdaq Composite was up 0.23 percent at 4,165.051.
** T-MOBILE US INC, $32.37, +0.56 pct
** SPRINT CORP, $9.96, +3.11 pct
Japan's SoftBank Corp is in talks to acquire U.S. wireless carrier T-Mobile US and is discussing funding for a deal with financial institutions, sources close to the matter said on Wednesday. SoftBank is looking to have its recently acquired U.S. unit Sprint take a majority stake in T-Mobile from the latter's parent Deutsche Telekom AG in the financial year starting April, one of the sources added.
** BLACKBERRY LTD, $7.291, -5.68 pct
The smartphone maker's co-founder Mike Lazaridis cut his stake in the company on Tuesday to 4.99 percent from 8 percent, and said that a group, which included Lazaridis, walked away from exploring a bid for the troubled company. Continued...